He is a financial guy and here is what he told me:23 UnitsAlmost always 100% occupancy12% Cap RateBuilt in 1993Asking about $1.5MMNo agents would be involved in the deal on either the buy or sell side. 

And the answer always seem to involve increasing our monthly expenses, or decrease our amenities....  

The dpt of building of safety and the myriad agencies involved in city planning and construction in los angeles are highly corrupted.

We have had 3 people apply for the unit. 1 had horrible credit so was rejected. 1 was nice but disappeared. 1 we offered to and they chose a different place for location. 

If it’s dead, then insurance does not apply normally 

Anything more involved seems overwhelming on my own.

They will have to dig down around the entirety of the structure to redo the drainage pipes and apply the sealant-it is not cheap! 

are there costs involved?

How much or the rent applies toward the purchase of the house?

hey everyone i went to the bank and applied for a loan to see what happens and i was approved for 150k what would be the best move for me as i have never bought realestate before and have income only from my business.